130 S E. DANA STREET, NIPOMO, CA 93444

  • 6 beds
  • 7.00 baths
  • 4,500 sqft
  • Lot Size: 45,000 sqft
  • Built in 1887
  • MLS #PI22052524
For Sale $1,699,000
  • share

Description

This home is currently a Historic Victorian style boutique hotel on one acre. It can easily be a large family home or a 6 room AirB&B. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating significant revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on ½ acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. It is currently the only Hotel in Nipomo and one of the few grandfathered in for Events in the South County. The full prospectus will be provided on request for qualified potential buyers.

FACTS / FEATURES

  • Residential, Commercial/Residential
  • Built in 1887
  • Lot Size: 45,000 sqft
  • View: None
  • Cooling: Central Air
  • Heating: Forced Air,Natural Gas
  • Parking: 21 spaces total

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Listing Provided by Kevin Beauchamp, Keller Williams Realty Central Coast
Based on information from California Regional Multiple Listing Service, Inc. as of June 30, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.